Siemens Ltd Q2 2025 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Harshit Patel - Equirus Securities Pvt Ltd - Analyst : Hi, thank you very much for the opportunity. My first question is on the Digital Industries margins. What are the different levels that we have to expand the margins over here since the business does not have a much localized manufacturing footprint in the country? I understand that increasing share of software would be one of the drivers. So if you can share your thoughts on DI margin trajectory ahead, that will be helpful. Also, just a follow up to that, what kind of CapEx and localization we have done in case of the instrumentation portfolio? So I mean, by gas meters, your pressure transmitters, viscosity meters, that kind of a portfolio.

Question: Harshit Patel - Equirus Securities Pvt Ltd - Analyst : Thank you very much for the follow-up question. So my question is on the Smart Infrastructure business. So as I understand, there are three distinct and large segments within this one. So electrification and automation, electrification products, as well as building solutions. Could you explain how these large three segments have fared in the past few quarters and outlook for these segments? Also, is there a very substantial difference in the margins between these three? That is my only question.

Question: Harshit Patel - Equirus Securities Pvt Ltd - Analyst : Yes, sir. Thank you very much for answering my questions, and all the very best.